Hilton gears up for regional expansion as travel market grows

Singapore

HOTEL group Hilton will triple its presence in the Asia-Pacific in the next three to five years as it introduces new brands and expands the footprint of existing brands in the burgeoning travel market.

Growth in the global travel and tourism industry is being propelled by an emerging middle class as well as a hunger for experiences, highlighted Hilton's chief executive officer Christopher Nassetta, who described this period as the golden age of travel.

"Broadly, the global economy is pretty good," he went on to say, speaking to media in Singapore at a press event on Wednesday. "The bottom line is more peop…